Volunteer Protection Act Of 1997

AAA

DEFINITION of 'Volunteer Protection Act Of 1997'

A federal law authorized by President Clinton that limits the risk incurred by individuals, nonprofit organizations and government entities engaged in volunteer service. The Volunteer Protection Act of 1997 was passed by the government to encourage volunteer service, recognizing that liability risk was reducing the number of people who were willing to participate in volunteer work.

INVESTOPEDIA EXPLAINS 'Volunteer Protection Act Of 1997'

The act prevents individuals, nonprofit organizations and government entities engaged in volunteer service from being held liable for harm caused by acts or omissions if the volunteer acted within his or her scope of responsibilities, was properly qualified and did not intend to cause harm. The act also says that the volunteer will not have to pay any punitive damages unless they willfully caused harm. Volunteer organizations can gain additional protection by purchasing general liability insurance.

RELATED TERMS
  1. Volunteer Protection Laws

    Federal and state legislation that shields individuals, nonprofit ...
  2. Tort Law

    The area of law that covers the majority of all civil lawsuits. ...
  3. Volunteer Income Tax Assistance ...

    An IRS program that utilizes volunteers to help provide free ...
  4. Punitive Damages

    Legal recompense that is levied as punishment for a wrong or ...
  5. Liability

    A company's legal debts or obligations that arise during the ...
  6. Liability Insurance

    Any type of insurance policy that protects an individual or business ...
Related Articles
  1. Home & Auto

    Cover Your Company With Liability Insurance

    Every business is susceptible to legal action. Find out how to protect yours.
  2. Home & Auto

    Filling The Gaps In General Liability Insurance

    Standard liability coverage may not be enough. Special needs call for specialized policies.
  3. Forex Education

    Understanding Liability-Adjusted Cash Flow Yield

    Learn why LACFY is a valuable metric for investors looking to make quick valuation calls on a company's stock relative to it's free cash flow history.
  4. Budgeting

    Are The Volunteer Corps Right For You?

    The Peace Corps and AmeriCorps offer low pay, but they offer higher benefits down the road.
  5. Budgeting

    It Is Better To Give AND Receive

    You give to benefit others, but there can be perks for you too.
  6. Budgeting

    8 Tips To Help You Control Holiday Spending

    These tips will have you singing "Joy to the World" well into the New Year.
  7. Taxes

    Tax Breaks for Volunteering

    In addition to helping society, volunteering can yield tax deductions – sometimes. Here's how to tell what will pass muster and what won't.
  8. Retirement

    Peri-Retirement: The New Life Transition

    Use your 30s and 40s to imagine new life options – and try them on for size
  9. Professionals

    The Importance Of Work Experience For Students

    Issues facing unemployed graduates stretch far beyond an ailing economy. Use your work experience during school to ensure a better career.
  10. Professionals

    6 Volunteer Opportunities For Finance Professionals

    Here are six ways financial professionals can volunteer their expertise and possibly advance their careers along the way.

You May Also Like

Hot Definitions
  1. Moving Average - MA

    A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Productivity

    An economic measure of output per unit of input. Inputs include labor and capital, while output is typically measured in ...
  4. Variance

    The spread between numbers in a data set, measuring Variance is calculated by taking the differences between each number ...
  5. Terminal Value - TV

    The value of a bond at maturity, or of an asset at a specified, future valuation date, taking into account factors such as ...
  6. Rule Of 70

    A way to estimate the number of years it takes for a certain variable to double. The rule of 70 states that in order to estimate ...
Trading Center